Game Strategy Plan

How to Prepare to Buy a Home

 

Step 1: Get Pre-Approved

The first step in preparing to buy a home is to get pre-approved. Give us a call and we can refer you to experienced competent & competitive lenders. 

Learn about:

Step 2: Prepare to Write a Winning Offer

(1) Understand why you are buying, and what you are looking for.

(2) Review with your agent neighborhoods where you think you'll find properties based on your criteria.

(3) Discuss current market conditions with your agent.

  • What's available to buy (Regular resales, REO- Bank owned, Short-Sales, Investor Flips, Probate)

  • Learn about recent transactions in area to understand how competitive the neighborhood is.

(4) Review a purchase contract and disclosures for any property in advance.  

  • Learn how what are the 3 big contingencies and how to get comfortable removing them.

  • Learn how to read disclosures for the most important items.

(5) How we'll be working together.

  • Alerts

  • Appointments to See Properties (we like to think of this as your inspections)

  • Open House

  • Comparative Market Analysis

  • Writing and Signing offers

  • Acceptance

  • Inspections

  • Appraisal

  • Post Closing help with contractors

Step 3: Understand Neighborhoods

Natural Hazards (Earthquake faults, Liquefaction, landslides)

 

Permits

 

Crime Maps

 

Gas Pipelines

  

Negotiation Advice


Before bidding always try to understand the seller's need. Do they need to sell in 15 days or 90 days? Do they need to rentback, until their new place is ready to move in? Are they interested in leaving behind some furniture? What items are specifically not included (curtains, a built-in shelf, ...)?

In a Seller's Market
You'll have to decide, between giving the best offer upfront or if a second chance will be given to give it later.  Where multiple bids are being presented, it's best to understand the seller's needs and wants, and present an offer that encompasses their overall objectives, to the extent you can.

In a Buyer's Market
Here a little back and forth probably won't hurt you, but again you need to know what the seller really wants and where they are willing to give.

 

Informative Regulatory Disclosure Pamphlets

Federal law and laws in many states mandate that sellers and landlords provide buyers and renters with booklets explaining various types of household hazards ranging from mold and asbestos to environmental and earthquake safety. Download these government booklets for FREE from the links below! 

 

HOMEOWNERS GUIDE TO EARTHQUAKE SAFETY (2020 Edition)
California Seismic Safety Commission
ENGLISH

 

RESIDENTIAL ENVIRONMENTAL HAZARDS: Guide for Homeowners, Homebuyers, Landlords and Tenants (2011 Edition)
California E.P.A. & Department of Health Services
ENGLISH 

 

A BRIEF GUIDE TO MOLD, MOISTURE, AND YOUR HOME (2012 Edition)
U.S. Environmental Protection Agency
ENGLISH

 

PROTECT YOUR FAMILY FROM LEAD IN THE HOME (2021 Edition)
U.S. Environmental Protection Agency
ENGLISH

CONSUMER'S GUIDE TO RADON REDUCTION (2016 Edition)
U.S. Environmental Protection Agency
ENGLISH

 

HOME ENERGY RATING SYSTEM BOOKLET (2011 Updated Edition)
ENGLISH